FSBC vs PFS: Correlation
Measured on weekly returns over the past three years, Five Star Bancorp (FSBC) and Provident Financial Services, Inc (PFS) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBC and PFS?
Across a 3-year window, the weekly returns of FSBC and PFS correlate at 0.81, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 671.5 %².
By 3-year correlation, PFS places #4 of the 18 assets tracked against FSBC. The last year tells two different stories: FSBC led by 16.7 percentage points, +40.6% for FSBC against +23.9% for PFS.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FSBC vs PFS: side by side
| FSBC (Five Star Bancorp) | PFS (Provident Financial Services, Inc) | |
|---|---|---|
| 1-year return | +40.6% | +23.9% |
| 5-year return | +117.2% | +37.5% |
| Volatility (ann.) | 27.1% | 30.4% |
| Beta vs S&P 500 | 0.82 | 0.87 |
| Max drawdown (3Y) | -24.5% | -31.3% |
| Market cap | $1.1B | $3.1B |
| P/E (trailing) | 13.4 | 9.8 |
| Dividend yield | 2.10% | 2.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBC | PFS |
|---|---|---|
| 2022 | -7.2% | -8.0% |
| 2023 | -0.6% | -10.8% |
| 2024 | +18.6% | +10.7% |
| 2025 | +22.1% | +10.2% |
| 2026 | +28.8% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBC and PFS good diversifiers for each other?
No. With a correlation of 0.81, FSBC and PFS move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FSBC and PFS?
As of 2026-08-27, the correlation of weekly returns between FSBC and PFS is 0.81 over 3 years, 0.73 over 1 year and 0.63 over 5 years.
Is PFS a good diversifier for FSBC?
No. With a correlation of 0.81, FSBC and PFS move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fsbc-vs-pfs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fsbc-vs-pfs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FSBC correlations · PFS correlations
